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In Notice 2019-2, the Internal Revenue Service released the optional standard mileage rates for calendar year 2019. In most instances, taxpayers may use these rates to compute the tax deductible costs of operating motor vehicles for: business medical charitable purposes Some members of the military may also use these rates to compute their moving expense […]
Read Bob Grossman’s article, “Enterprise Valuation after the TCJA,” published in the December 2018 issue of Practical Tax Strategies.
A great tax savings opportunity is the use of qualified retirement plans while working and post-retirement, rolling those assets into an Individual Retirement Arrangement (IRA). Whether taxpayers continue to participate in an employer-sponsored plan, or have the separately-maintained IRA, the tax law requires that they take a minimum distribution from the plan each year after […]
